Minto Apartment REIT (MI.UN.TO)

It is one of his favourite apartment stocks with a portfolio concentrated in Ontario and Quebec. He sees it growing at the high single digit rates.

Has done very well. Quality asset. Urban development mostly in Ottawa, Toronto, Montreal, with a bit in Alberta. Still has a relationship with Mutual Group, and so has access to more quality assets. Great REIT. Crushed Q2 earnings. Underpromise and overdeliver.

One of the most successful REIT IPO's in a long time, up 50%. It's the most urban portfolio in the Canadian multifamily space. It's a play on Toronto and Ottawa. They just had a solid Q2, easily beating their forecast. They raised the yield 7%. The Minto family still owns nearly half the REIT. Because it's small, acquisitions will drive growth. A core holding for her.

Management is outstanding. A new REIT run by knowledgeable people. Highest quality of apartment space in Canada, focusing on Toronto. A long term hold with a safe distribution. He owns it.